| Page | ||
|---|---|---|
| Legal and administrative | information | |
| Report ofthe trustees | 2-5 | |
| Report ofthe auditors | 6-10 | |
| Statement ofFinancial | Activities | |
| Statement ofFinancial | Position | 12 |
| Notes to the financial statements | 13-17 |
| Trustees: | F Kitsell —Chairman | F Kitsell —Chairman | |||
|---|---|---|---|---|---|
| M Whale -Treasurer | |||||
| G Jordan | |||||
| S Lewis | |||||
| L Connor | |||||
| S England | |||||
| A Green | |||||
| K Lay | |||||
| Company | secretary: | F Kitsell | |||
| Principal address | and | ||||
| Registered | Office: | Minerva House |
|||
| Tithe Barn Way | |||||
| Swan Valley | |||||
| Northampton | |||||
| NN4 9BA | |||||
| Company | number: | 02652861 (England | and Wales) | ||
| Charity registration | number: | 1005738 | |||
| Bankers: | HSBC pic | ||||
| 7Commercial | Street | ||||
| Halifax | |||||
| West Yorkshire | |||||
| HX1 1HN | |||||
| Close Brothers | Limited | ||||
| 10Crown Place | |||||
| London | |||||
| EC2A 4FT | |||||
| Investment | managers: | Newton Investment |
Management | ||
| BNY Mellon Centre | |||||
| 160Queen Victoria | Street | ||||
| London | |||||
| EC4V4LA | |||||
| Auditors: | Hawsons Chartered |
Accountants | |||
| Jubilee House | |||||
| 32 Duncan Close | |||||
| Moulton Park | |||||
| Northampton | |||||
| NN3 6WL |
| Unrestricted | Unrestricted | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | Funds 2021 | Funds 2020 | ||||||
| Income: | ||||||||
| Investment Donations |
income | 189,032 500 |
155,683 | |||||
| Total income | 189,532 | 155,683 | ||||||
| Expenditure: | ||||||||
| Expenditure on Cost of raising |
charitable funds |
activities | 6,864 9,622 |
279,408 13,446 |
||||
| Total expenditure | 16,486 | 292,854 | ||||||
| Net income/(expenditure) investments |
before | gains | on | 173,046 | (137,171) | |||
| Net gain/(loss) on investments |
1,262,206 | (42,473) | ||||||
| Net movement in funds forthe year |
1,435,252 | (179,644) | ||||||
| Total funds brought |
forward | 7,809,457 | 7,989,101 | |||||
| Total funds carried | forward | 10 | 9,244,709 | 7,809,457 | ||||
| There are no restricted funds | at | 31 | December | 2021 (2020- anil). |
| Registration | number: 02652861 | number: 02652861 | ||
|---|---|---|---|---|
| Notes | 2021 | 2020 | ||
| E | E | |||
| Fixed assets | ||||
| Investments | 7 | 9,175,223 | 7,913,017 | |
| Total fixed assets | 9,175,223 | 7,913,017 | ||
| Current assets | ||||
| Cash at bank and | in hand | 210,739 | 196,172 | |
| Total current assets | 210,739 | 196,172 | ||
| Liabilities | ||||
| Creditors falling due within one year |
141,253 | 299,732 | ||
| Net current assets/(liabilities) | 69,486 | (103,560) | ||
| Net assets | 9,244,709 | 7,809,457 | ||
| The funds ofthe | charity: | |||
| Unrestricted income funds |
10 | 9,244,709 | 7,809,457 | |
| 9,244,709 | 7,809,457 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Dividends —Newton Global Growth 8 Money Market Interest |
Income Fund | 189,032 | Z 155,463 220 |
||||
| 189,032 | 155,683 | ||||||
| 3. | Analysis | ofexpenditure on charitable |
activities | ||||
| Charitable | activities expenditure | comprises | grants Io: | ||||
| 2021 | 2020 | ||||||
| Physio First (see note 11) Grants to individuals |
6,864 | E 144,539 134,869 |
|||||
| 6,864 | 279,408 |
| For | the year ended 31Decembe | r 2021 | ||||
|---|---|---|---|---|---|---|
| 4 | Analysis ofexpenditure | |||||
| Direct | Support | Total | Total | |||
| costs | costs | 2021 | 2020 | |||
| K | f | 6 | ||||
| Expenditure on charitable |
activities | |||||
| Physio First Grants to individuals |
6,864 | 6,864 | 144,539 134,869 |
|||
| 6,864 | 6,864 | 279,408 | ||||
| Cost of raising funds | ||||||
| Travel and subsistence | 540 | 540 | 587 | |||
| Audit and accountancy Management charges Sundries |
3,072 3,796 2,214 |
3,072 3,796 2,214 |
2,982 8,858 1,019 |
|||
| 9,622 | 9,622 | 13,446 | ||||
| Total expenditure | 6,864 | 9,622 | 16,486 | 292,854 | ||
| Analysed support costs consist ofthe following: |
||||||
| Management costs Administration costs |
6,550 3,072 |
10,464 2,982 |
||||
| 9,622 | 13,446 | |||||
| This is stated after charging: | ||||||
| Auditor's remuneration |
3,072 | 2,982 |
| 7. | Investments at Market Value |
Investments at Market Value |
|||||
|---|---|---|---|---|---|---|---|
| Quoted | Quoted | ||||||
| Unrestricted | Unrestricted | ||||||
| 2021 | 2020 | ||||||
| Market value at 1 January 2021 Net gains/(losses) on revaluation |
7,913,017 1,262,206 |
7,955,490 (42,473) |
|||||
| Market | value at 31 December 2021 | 9,175,223 | 7,913,017 | ||||
| 8. | Current | liabilities | |||||
| 2021f | 2020 | ||||||
| Unpaid grants Accruals —Legal &Professional |
138,253 3,000 |
296,732 3,000 |
|||||
| 141,253 | 299,732 | ||||||
| 9. | Analysis | ofcharitable funds |
|||||
| Analysis | ofmovements in unrestricted |
funds | |||||
| 2021 | 2020 | ||||||
| F | |||||||
| Opening members' Unrestricted Movement in total funds for the |
Funds year |
7,809,457 1,435,252 |
7,989,101 (179,644) |
||||
| Closing | members' Unrestricted |
Funds | 9,244,709 | 7,809,457 | |||
| All net assets are held under the General | Unrestricted | Fund. |
| General | Restricted | Total | |||
|---|---|---|---|---|---|
| Funds | Funds | Funds | |||
| K | |||||
| Non-current | assets | 9,175,223 | 9,175,223 | ||
| Current | assets | 210,739 | 210,739 | ||
| Current | liabilities | (141,253) | (141,253) | ||
| 9,244,709 | 9,244,709 |